Announced Wed, 27 May · 20:15 IST

Shankara Building Products Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 18, 2026

Board & Shareholder Meetings View source PDF

SHANKARA · price

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-4.0%1-day move
₹123.48
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AI summary

Shankara Building Products Limited has called its 31st AGM on June 18, 2026 through video conferencing. The meeting will consider adoption of audited financial statements for FY 2025-26 (ended March 31, 2026), re-appointment of Mr. Dhananjay Mirlay Srinivas as director retiring by rotation, and re-appointment of Mr. Sukumar Srinivas as Managing Director for 5 years without remuneration. A key agenda item is the appointment of Mr. Medepalli Eswara Rao as Independent Director for 5 years. More significantly, the company seeks shareholder approval to amend its Memorandum of Association to expand into logistics, warehousing, transport, courier services, and supply chain management, in addition to electrical products, solar items, paints, and construction materials. The record date for voting is June 10, 2026.

Likely market impact

Shareholders should note the strategic pivot toward logistics and warehousing, which represents a new business direction for the company. The appointment of a new independent director and continuation of current leadership provide stability. No immediate impact on stock price expected from the routine AGM matters.